Crisis and Sequels

Martin Thomas has been a socialist writer and activist for many decades, and studied economics at Birkbeck University of London. He is the author of Gramsci in Context (Workers' Liberty, 2014).

List of Figures
Acknowledgement
About the Contributors
Introduction
The Story of The Crisis
From Crunch to Slump
From Banks to Governments To "Emerging Economies"
Global Finance
The Keynesian Moment, And Reverting To Type
"Safe to Invest"
Crises and Finance
Minsky vs Marx?
Phases
Profits and Crises
Okishio
Ruinous Competition
The Resilience of Neoliberalism

Part 1. After 2007:
"Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity (myself especially) are in a state of shocked disbelief."
Fred Moseley - The long trends of profit. March 2008
Costas Lapavitsas – A new sort of financial crisis. April 2008
Leo Panitch – The crisis depends on the fightback. April 2008
Simon Mohun – An era of rampant inequality. May 2008
Trevor Evans – The imbalances are unsustainable. June 2008
Dick Bryan – The inventiveness of capital. July 2008
Michel Husson – A systemic crisis, both global and long-lasting. July 2008

Part 2. After September 2008:
"This sucker could go down"
Michel Husson – The crisis of neoliberal capitalism. December 2008
Costas Lapavitsas - The debacle of financialised capitalism, January 2009
Andrew Kliman – The level of debt is astronomical. December 2008
Leo Panitch – The chain broke at the weakest link. December 2008
Fred Moseley – The bondholders and the taxpayers. December 2008
Simon Mohun - The neoliberal model is bust - January 2009
Robert Brenner - The economy in a world of trouble. April 2009
Dick Bryan – The underlying contradictions of capitalist finance. June 2009

Part 3. After 2009:
The endless bailout
Barry Finger - The falling rate of profit. July 2011
Leo Panitch - The banks' crisis and the left's crisis. August 2011
Michel Husson – Nationalise the banks! September 2011
Michel Husson – The endless bailout of Europe. November 2011
Daniela Gabor – Europe: the bankers vs the people. June 2012

Part 4: After 2010:
Neoliberalism resurgent
Hugo Radice – A turning point from neoliberalism? June 2012
Paul Hampton and Martin Thomas – The world of neoliberalism. October 2013
Barry Finger – An alternative view on the world of neoliberalism. January 2014
Andrew Gamble - The resilience of neoliberalism. June 2016

Part 5: After 2015:
Chaotic regulation
Michel Husson - The coming crisis. October 2015
Fred Moseley - "Too much debt in relation to income". January 2016
Andrew Kliman - "The situation had long been unsustainable". January 2016
Dick Bryan - “We become a hedge fund of our own lives”. January 2016
Hugo Radice - “The globalisation of elites”. January 2016
Leo Panitch - “The great recession is not going away”. January 2016
Simon Mohun - "A protracted transition". June 2016
Alfredo Saad Filho - Brazil and neoliberalism. July-August 2016
Afterword
Appendix 1: Marx on capitalist crises
Appendix 2: Ruinous competition
Appendix 3: The Tendency of the Rate of Profit to Fall
Bibliography
Index